MIRA
INFORM REPORT
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Report Date : |
6th
October 2006 |
IDENTIFICATION
DETAILS
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Name : |
AUNERA
ENTERPRISES |
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Registered Office : |
M-11-E, Block-C, Street No. 48, Jinnah Road, Shershah, Karachi,
Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
2000 |
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Legal Form : |
Partnership |
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Line of Business : |
Engaged in the business of imports &
trading of Plastic Raw Materials |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Business Name
AUNERA ENTERPRISES
Full Address
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Registered
Address |
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M-11-E, Block-C, Street No. 48, Jinnah Road, Shershah, Karachi,
Pakistan |
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Tel |
92 (21) 2582194 |
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Fax |
92 (21) 2573973 |
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Not
Available |
Short Description Of Business
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Nature of Business |
Import & Trading of Plastic Raw Materials |
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Year Established |
2000 |
Branches
None
Legal Status
Subject Company was established as a Partnership business in 2000
Details of Managing Partner /
Partners
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Akbar Sattar Mr. Sarwar Sattar |
Pakistani Pakistani |
M-11-E, Block-C, Street No. 48, Jinnah Road, Shershah, Karachi M-11-E, Block-C, Street No. 48, Jinnah Road, Shershah, Karachi |
Trading Business Trading Business |
Managing Partner Partner |
Associates
A. Subsidiary
None
B. Associated
Companies
(1) A.I. Enterprises, Pakistan.
Business Activities
Subject Company is engaged in import & trading of Plastic Raw Materials.
It sells against Cash or Credit terms.
It mainly import from China, India, Singapore.
Its’ major customers are Plastic Manufacturing Companies, Traders.
Subject operates from caption leased office premises of area measuring 1,345 sq.ft. which is situated in commercial + residential area.
Subject employs about 6 persons in its set up.
Annual Sales Volume
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Year |
In Pak
Rupees |
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2005 |
22,000,000/- (Estimated) |
Bankers
Faysal Bank Limited, Pakistan.
Soneri Bank Limited, Pakistan.
Bank Alfalah Limited, Pakistan.
Foreign Exchange Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 60.65 |
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UK Pound |
1 |
Rs. 113.90 |
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Euro |
1 |
Rs. 76.90 |
Comments
Subject Company was established in 2000 and
is engaged in import & trading of Plastic Raw Materials. Payments are
reported as slow, but correct The Company can be considered for normal business
dealings at usual trade terms and conditions.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry
similar weight in credit consideration. Capability to overcome financial
difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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